Global venture capital firm Accel has unveiled its latest pre-seed scaling initiative, Accel Atoms 4.0, with plans to invest up to $1 million in selected start-ups. The program, which opens for applications on September 16 and closes on November 17, will focus on two key areas: artificial intelligence and start-ups targeting the Indian market, or ‘Bharat.’
Accel Atoms 4.0 will provide funding…
InMobi-owned Roposo, a prominent player in the short video space, is undergoing a significant transformation by shifting its focus to social commerce. This strategic pivot aims to enhance monetization opportunities beyond traditional creator-led models, addressing the challenges faced in the short video industry.
Transitioning to Social Commerce
Roposo, originally known for its creator and…
Sports Nutrition Retailer Nutrabay Raises $5 Million for Growth
Sports nutrition retailer Nutrabay has successfully closed a Series A funding round, securing $5 million led by RPSG Capital Ventures and supported by Kotak Alternate Asset Managers Limited. This funding represents the first institutional investment since the company’s founding in 2017.
Investment to Fuel Expansion and…
E-commerce giant Meesho has appointed Mohit Rajani as its new Chief Product Officer (CPO). Rajani, who brings a wealth of experience from his previous roles, will lead Meesho’s product organization, overseeing product management, design, and analytics teams. This strategic appointment comes at a pivotal time for Meesho as it continues to scale its operations and refine its product…
Zepto, the rapidly growing quick commerce company, has successfully raised $340 million in its latest follow-on financing round, propelling its valuation to a remarkable $5 billion. This funding round marks Zepto’s third major capital infusion within the past year, bringing its total capital raised in the last 12 months to over $1 billion.
The company initially aimed to secure $400 million but…
Amazon is gearing up to introduce its quick commerce service in India, with a planned launch expected in the first quarter of the upcoming year, according to sources familiar with the development. This move marks a significant expansion in Amazon’s services in the Indian market, where competition in the quick commerce sector is intensifying.
Amazon’s Quick Commerce Ambitions
Amazon’s foray…
During the latest earnings season, consumer-facing companies have observed a shift in shopping behaviors towards value-seeking. Lei Chen, co-CEO of PDD Holdings, the parent company of Chinese e-commerce platform Temu, has coined the term “rational consumers” to describe this trend.
In a recent earnings call, Chen characterized these consumers as making more “thoughtful” choices, balancing…
In the world of online customer service, the process can often become repetitive and monotonous. However, chatbots offer a dynamic solution that never gets tired of answering the same questions, making them an increasingly popular choice for businesses.
Chatbots are efficient, cost-effective, and enhance customer service by handling tasks 24/7. In this article, we’ll delve into how you can…
The Indian government has announced a new initiative to enhance the country’s e-commerce sector by inviting proposals to establish e-commerce export hubs (ECEHs). The draft modalities for these hubs were released on Friday, outlining a framework aimed at supporting small producers in accessing global markets.
Under the proposed system, small producers will be able to connect with aggregators who…
E-commerce giant Meesho has made significant strides in reducing its customer support costs, thanks to the integration of generative artificial intelligence (GenAI) into its operations. Sanjeev Barnwal, the founder and chief technology officer (CTO) of Meesho, revealed that the company has successfully automated 95% of its customer support chats, resulting in a remarkable 90% reduction in related…
